Fayez Sarofim & Co. Has $143.37 Million Position in S&P Global Inc. (SPGI)

Fayez Sarofim & Co. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 982,087 shares of the business services provider’s stock after selling 20,674 shares during the period. Fayez Sarofim & Co. owned about 0.38% of S&P Global worth $143,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Artisan Partners Limited Partnership lifted its holdings in S&P Global by 0.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock valued at $1,035,069,000 after purchasing an additional 18,758 shares during the last quarter. Thrivent Financial For Lutherans increased its position in S&P Global by 2.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,760 shares of the business services provider’s stock valued at $1,425,000 after acquiring an additional 270 shares in the last quarter. Laurion Capital Management LP increased its position in S&P Global by 360.7% in the 2nd quarter. Laurion Capital Management LP now owns 31,300 shares of the business services provider’s stock valued at $4,569,000 after acquiring an additional 24,506 shares in the last quarter. Stevens Capital Management LP increased its position in S&P Global by 36.1% in the 2nd quarter. Stevens Capital Management LP now owns 72,769 shares of the business services provider’s stock valued at $10,624,000 after acquiring an additional 19,294 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in S&P Global in the 2nd quarter valued at about $2,638,000. 85.39% of the stock is owned by hedge funds and other institutional investors.

S&P Global Inc. (SPGI) traded up 0.18% during midday trading on Friday, reaching $154.00. 1,085,879 shares of the company’s stock traded hands. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $158.35. The stock has a 50-day moving average of $151.84 and a 200 day moving average of $142.07. The company has a market cap of $39.58 billion, a P/E ratio of 17.94 and a beta of 1.51.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. On average, analysts anticipate that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.06%. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.

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Several equities research analysts have weighed in on the stock. Barclays PLC raised their price objective on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets raised their price objective on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. UBS AG raised their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. S&P Global currently has a consensus rating of “Buy” and an average price target of $157.00.

In related news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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